This Week In Hedgeye Cartoons

Our cartoonist Bob Rich captures the tenor on Wall Street every weekday in Hedgeye's widely-acclaimed Cartoon of the Day. Below are his five latest cartoons. We hope you enjoy his humor and wit as filtered through Hedgeye's market insights. Bob is on a much-deserved summer vacation. While he kicks back and relaxes, we're going into the Hedgeye Vault and highlighting some of his best work. (Click here to receive our daily cartoon for free.)

5. Currency Wars (8/1/2016)

The Week Ahead

The Economic Data calendar for the week of the 8th of August through the 12th of August is full of critical releases and events. Here is a snapshot of some of the headline numbers that we will be focused on.

CLICK TO ENLARGE

CHART OF THE DAY: Pre-Jobs Report Insights

Editor's Note: Below is a brief excerpt and chart from today's Early Look written by Hedgeye U.S. Macro analyst Christian Drake. Click here to learn more.

"... Global demand and domestic output growth are down. And employment growth in excess of output growth – which remains the case currently- is paid for via lower corporate profitability.

Absent improved productivity, “strong” employment trends = further margin compression = continued profitability pressure against a backdrop of forward earnings growth estimates in the mid-teens. We continue to think those expectations need to be marked lower."

Central Planning 101: BoE Crushes The People's Purchasing Power

Carney did his best to devalue the purchasing power of The People yesterday (a little “market security” in exchange for what was a great driver for the UK consumer economy in 2015, #StrongPound). He got the GBP/USD down to $1.31 while blasting the 10yr Gilt Yield down to 0.63% where it’s holding this morning, down -14bps month-over-month.

UK 10-year Gilt Yield

Editor's Note: The snippet above is from a note Hedgeye CEO Keith McCullough wrote for subscribers this morning.Click hereto learn more.

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